Learning is Earning
It is always good to know as much as possible about the job/task you are going to do. It seems that you have already started learning on your own to understand the basics and other aspects of stock market.
Another good thing is that you have decided to buy/sell shares online that means you wish to trade/invest on your own.
The basic thing about buying/selling stocks online is the Demat account which keeps the physical certificates of shares after conversion of them into electronic form. So, one has to open Demat account with a broker registered under appropriate authorities.
Demat account is an 16 Digit (/Alpha-numeric) No. combination of DP ID and 8 Digit BO ID. This number is used in all transactions during trading and investing.
Demat account is provided by CDSL or NSDL through Depository Participants or brokers and when shares/stocks are bought, they are credited/ kept in the Demat account and at the time of selling those are debited from the said account.
For all these, it will be better to open an account with a suitable Discount broker because they provide you good trading platform, knowledge materials, customer service and above all low brokerage.
In this respect, you may open a Demat and trading account with Zerodha which is the first discount broker of India. Starting in 2010, today it has emerged as the largest and the fastest growing discount broker of India with nearly 4 lakh clients. You may consider the following services they offer :
Knowledge: You have already engaged yourself with the job of collecting knowledge and information about the stock market. You can get more help to enrich yourself from Varsity compiled by Zerodha. Varsity will help you to learn basics of stock market, fundamental and technical research, Equity, Commodity, F&O, Taxation, trading psychology and risk management.
Trading Platform: For seamless trading and investing they have Pi for desktop on broadband connection and Kite for android, iOS and web versions where one can place orders in milliseconds. There are advanced charts, indicators along with facility of Bracket Order, Cover Order and Trailing stoploss.
Mutual Fund: Another platform they provide is for investing in Mutual Fund. This is Coin. An investor can purchase from over 2000 MFs directly from Asset Management Companies or Fund Hoses at a comparatively lower rate and escaping upfront and trailing commissions. Keeping MFs in Demat is convenient for P&L Statement, Taxation, Buying and Stopping and Selling MFs.
Brokerage: Zerodha is one of the most cost effective discount brokers. The have very low brokerage plans:
It is obvious that trading or investing with such a low brokerage with Zerodha will not eat up much of your profits and will not aggravate your loss, if any.
Fund Transfer: You can add or withdraw fund to and from your trading accounts smoothly. [IMPS/NEFT/RTGS]
Customer Service: This technology based broker has multilingual support over phone and mails.
Account opening Charges: Rs 300/-for Demat & Equity and Rs 200/- for Commodity.
One can open account online with Aadhar by clicking here: Open an online trading and demat account with Zerodha and enjoy the lowest brokerage
For any inconvenience, the support will call you back.
So, you can start your journey with stock market.
It is always good to know as much as possible about the job/task you are going to do. It seems that you have already started learning on your own to understand the basics and other aspects of stock market.
Another good thing is that you have decided to buy/sell shares online that means you wish to trade/invest on your own.
The basic thing about buying/selling stocks online is the Demat account which keeps the physical certificates of shares after conversion of them into electronic form. So, one has to open Demat account with a broker registered under appropriate authorities.
Demat account is an 16 Digit (/Alpha-numeric) No. combination of DP ID and 8 Digit BO ID. This number is used in all transactions during trading and investing.
Demat account is provided by CDSL or NSDL through Depository Participants or brokers and when shares/stocks are bought, they are credited/ kept in the Demat account and at the time of selling those are debited from the said account.
For all these, it will be better to open an account with a suitable Discount broker because they provide you good trading platform, knowledge materials, customer service and above all low brokerage.
In this respect, you may open a Demat and trading account with Zerodha which is the first discount broker of India. Starting in 2010, today it has emerged as the largest and the fastest growing discount broker of India with nearly 4 lakh clients. You may consider the following services they offer :
Knowledge: You have already engaged yourself with the job of collecting knowledge and information about the stock market. You can get more help to enrich yourself from Varsity compiled by Zerodha. Varsity will help you to learn basics of stock market, fundamental and technical research, Equity, Commodity, F&O, Taxation, trading psychology and risk management.
Trading Platform: For seamless trading and investing they have Pi for desktop on broadband connection and Kite for android, iOS and web versions where one can place orders in milliseconds. There are advanced charts, indicators along with facility of Bracket Order, Cover Order and Trailing stoploss.
Mutual Fund: Another platform they provide is for investing in Mutual Fund. This is Coin. An investor can purchase from over 2000 MFs directly from Asset Management Companies or Fund Hoses at a comparatively lower rate and escaping upfront and trailing commissions. Keeping MFs in Demat is convenient for P&L Statement, Taxation, Buying and Stopping and Selling MFs.
Brokerage: Zerodha is one of the most cost effective discount brokers. The have very low brokerage plans:
- 0.01% or Rs 20/- whichever is lower per executed order for Equity, Commodity and Currency across NSE, BSE and MCX.
- Nil/Zero brokerage for Delivery segment on NSE and BSE.
It is obvious that trading or investing with such a low brokerage with Zerodha will not eat up much of your profits and will not aggravate your loss, if any.
Fund Transfer: You can add or withdraw fund to and from your trading accounts smoothly. [IMPS/NEFT/RTGS]
Customer Service: This technology based broker has multilingual support over phone and mails.
Account opening Charges: Rs 300/-for Demat & Equity and Rs 200/- for Commodity.
One can open account online with Aadhar by clicking here: Open an online trading and demat account with Zerodha and enjoy the lowest brokerage
For any inconvenience, the support will call you back.
So, you can start your journey with stock market.